Bitcoin near $10K -- now seven times more valuable than gold - UPI.com
UPI reports: "The virtual currency bitcoin hit a new high of $9,700 on Monday --
making it worth seven times more than an ounce of gold.
After starting the year with a value of just $1,000, the currency's
value has skyrocketed 860 percent this year. Its value was listed at
$8,000 just last week.
The latest gains could be fueled by expectations of big investors, such
as hedge funds and asset managers, pouring money into the currency."
Comment: I'm starting to follow Bitcoin news after being a bit late to the party. I looked into this a bit and it does appear that the underlying technology may be a potential platform to host a universal currency. The usual caveat applies: I'm just following trends and don't know what the MOTB will turn out to be.
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